2019/20 Financial Reports
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Notice is hereby given that at the Council meeting to be held on Tuesday, 8 December 2020, the audited Financial Reports and the Auditor’s Report for the period ended 30 June 2020 will be presented to the public.
A summary of the financial reports is outlined below.
Item | 2019/20 ($,000) | 2018/19 ($,000) |
Income Statement | ||
Total income from continuing operations | 141,529 | 131,631 |
Total expenses from continuing operations | 118,865 | 122,844 |
Operating result from continuing operations | 22,664 | 8,787 |
Net operating result for the year | 22,664 | 8,787 |
Net operating result before grants and contributions provided for capital purposes | (635) | (8,508) |
Statement of Financial Position | ||
Total current assets | 97,401 | 93,079 |
Total current liabilities | (30,025) | (31,800) |
Total non-current assets | 1,670,425 | 1,417,287 |
Total non-current liabilities | (65,270) | (64,782) |
Total equity | 1,672,531 | 1,413,784 |
Other Financial Information |
|
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Operating Performance Ratio | 2.63% | 2.08% |
Own Source Operating Revenue Ratio | 66.72% | 71.64% |
Unrestricted Current Ratio | 2.33x | 1.56x |
Debt Service Cover Ratio | 2.54x | 4.01x |
Rates, Annual Charges, Interest & Extra Charges Outstanding Percentage | 9.24% | 9.41% |
Cash Expense Cover Ratio | 9.68 mths | 10.49 mths |
Building and Infrastructure Renewal Ratio | 49.00% | 216.48% |
Infrastructure Backlog Ratio | 10.87% | 10.63% |
Asset Maintenance Ratio | 91.30% | 93.17% |
External Borrowings | 62,680 | 68,843 |
Internal Borrowings | 523 | 3,498 |
In accordance with Section 420 of the Local Government Act 1993, any person may make a submission to Council with respect to the audited Financial Reports or the Auditor’s Report for Lismore City Council for the year ended 30 June 2020.
Submissions close on Tuesday, 15 December 2020 at 4.30pm.
Submissions can be made online below, emailed to council@lismore.nsw.gov.au or mailed to the General Manager, Lismore City Council, PO Box 23A, Lismore, NSW 2480.
A copy of the audited Financial Reports is available to view in the Document Library to your right and in hardcopy at Council’s Corporate Centre in Goonellabah.
For enquiries, please contact Aveley McCann or Amanda Binney on 1300 87 83 87.
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